Patrick W. Macken - 18 Oct 2023 Form 4 Insider Report for Ribbon Communications Inc. (RBBN)

Role
EVP, CLO & Secretary
Signature
Patrick Macken
Issuer symbol
RBBN
Transactions as of
18 Oct 2023
Net transactions value
-$17,443
Form type
4
Filing time
23 Oct 2023, 08:36:34 UTC
Previous filing
19 Sep 2023
Next filing
19 Jan 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RBBN Common Stock Options Exercise $0 +21,367 +13% $0.000000 190,462 18 Oct 2023 Direct F1
transaction RBBN Common Stock Tax liability $17,443 -8,113 -4.3% $2.15 182,349 18 Oct 2023 Direct F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction RBBN Restricted Stock Units (RSUs) Options Exercise $0 -21,367 -25% $0.000000 64,102 18 Oct 2023 Common Stock 21,367 Direct F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 RSUs convert to Common Stock on a one-for-one basis.
F2 Reflects shares of Common Stock withheld by the Issuer to satisfy tax withholding obligations in connection with the vesting of the RSUs.
F3 The RSUs vested as to one-third on April 18, 2023 and the remaining two-thirds of the RSUs vests in four equal semi-annual installments thereafter through April 18, 2025.